The Purpose of the General Agreement on Tariffs and Trade

question 91

Multiple Choice

The purpose of the General Agreement on Tariffs and Trade (GATT) is to

• A) facilitate global trade.
• B) create common market arrangements in specific geographical regions.
• C) negotiate an end to civil wars.
• D) establish a set of international property right laws.

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Definitions:

Cross-Sectional Area

The area of a particular section of an object or substance that has been cut across its width, used to determine properties like resistance and strength.

Aorta

The body's biggest artery starts from the heart's left ventricle and stretches down to the abdomen, dividing into smaller arteries there.

Arterioles

Small arteries that lead into capillary beds, playing a key role in regulating blood flow and blood pressure.

Compliance

The ability of an organ or vessel to distend in response to applied pressure, often used to describe the behavior of blood vessels or lung tissue.